SFL Corp Ltd (NYSE: SFL) has reported earnings for its first fiscal quarter (ending March 31) of $0.36 versus $0.05 for the same period a year ago — an increase of 620%. This performance was $0.19 better than the consensus estimate of $0.17. E.P.S. were $0.97 for the latest four quarters through March 31 versus $1.27 for the same period a year ago — a decline of -24%.
Recent Price Action
SFL Corp Ltd (NYSE: SFL) stock declined modestly by -1.0% on 5/14/24. The stock closed at $14.19. Moreover, exceptionally high trading volume at 235% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 4.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SFL is expected to continue to be an important Value Builder.
SFL has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SFL has a slightly negative Appreciation Score of 35 but a good Power Rating of 84, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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